Harrison Goldman Ltd. - Accounts to registrar (filleted) - small 18.2

Harrison Goldman Ltd. - Accounts to registrar (filleted) - small 18.2

PETER HARRISON, MARK GOLDMAN DESIGN CONSULTANTS LIMITED - Company Information

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REGISTERED NUMBER: 02797611 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 March 2021

for

Peter Harrison, Mark Goldman Design
Consultants Limited
Peter Harrison, Mark Goldman Design
Consultants Limited (Registered number: 02797611)






Contents of the Financial Statements
for the Year Ended 31 March 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Peter Harrison, Mark Goldman Design
Consultants Limited

Company Information
for the Year Ended 31 March 2021







DIRECTORS: M Goldman
J Sharman





SECRETARY: J Sharman





REGISTERED OFFICE: Airport House
Purley Way
Croydon
Surrey
CR0 0XZ





BUSINESS ADDRESS: Airport House
Suite 171-172
Purley way
Croydon
Surrey
CR0 0XZ





REGISTERED NUMBER: 02797611 (England and Wales)





ACCOUNTANTS: Ledger Sparks Limited
Airport House
Suite 43-45
Purley Way
Croydon
CR0 0XZ
Page 1
Peter Harrison, Mark Goldman Design
Consultants Limited (Registered number: 02797611)

Balance Sheet
31 March 2021

2021 2020
Notes £    £   
FIXED ASSETS
Tangible assets 4 253 5,288

CURRENT ASSETS
Stocks 4,000 4,000
Debtors 5 134,273 147,886
Cash at bank and in hand 147,760 162,248
286,033 314,134
CREDITORS
Amounts falling due within one year 6 (79,367 ) (113,098 )
NET CURRENT ASSETS 206,666 201,036
TOTAL ASSETS LESS CURRENT
LIABILITIES
206,919
206,324

PROVISIONS FOR LIABILITIES 7 (48 ) (898 )
NET ASSETS 206,871 205,426

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 8 206,869 205,424
206,871 205,426

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The notes form part of these financial statements

Page 2 continued...
Peter Harrison, Mark Goldman Design
Consultants Limited (Registered number: 02797611)

Balance Sheet - continued
31 March 2021


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 February 2022 and were signed on its behalf by:




M Goldman - Director



J Sharman - Director


The notes form part of these financial statements

Page 3
Peter Harrison, Mark Goldman Design
Consultants Limited (Registered number: 02797611)

Notes to the Financial Statements
for the Year Ended 31 March 2021

1. STATUTORY INFORMATION

Peter Harrison, Mark Goldman Design Consultants Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


The principal activity of the company continued to be that of the provision of design consultancy services.

2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

TURNOVER
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

GOVERNMENT GRANTS
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received using the accrual model.

STOCKS
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

FINANCIAL INSTRUMENTS
The company only enters into basic financial transactions that result in recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from bank and other third parties, loans to related parties and investments in non-puttable ordinary shares.

TAXATION
The tax expense represents the sum of the tax currently payable and deferred tax.

CURRENT TAX
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.


Page 4 continued...
Peter Harrison, Mark Goldman Design
Consultants Limited (Registered number: 02797611)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2021

2. ACCOUNTING POLICIES - continued
DEFERRED TAX
Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the balance sheet date.

GOING CONCERN
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements and will continue to support the company financially.

PROVISION FOR LIABILITY
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the Statement of Income and retained earnings in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the Balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the Balance sheet.

PENSION
DEFINED CONTRIBUTION PENSION PLAN
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contribution into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in Statement of Income and Retained Earnings when they fall due. Amounts not paid are shown in accruals as a liability in Balance sheet. The assets of the plan are held separately from the company in independently administered funds.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2020 - 8 ) .

Page 5 continued...
Peter Harrison, Mark Goldman Design
Consultants Limited (Registered number: 02797611)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2021

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2020 43,487
Additions 283
Disposals (43,487 )
At 31 March 2021 283
DEPRECIATION
At 1 April 2020 38,199
Charge for year 30
Eliminated on disposal (38,199 )
At 31 March 2021 30
NET BOOK VALUE
At 31 March 2021 253
At 31 March 2020 5,288

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 117,358 133,810
Other debtors 16,915 14,076
134,273 147,886

The directors consider the carrying value of trade and other receivables approximate to their fair value.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade creditors 4,895 11,147
Taxation and social security 51,931 54,537
Other creditors 22,541 47,414
79,367 113,098

The directors consider the carrying amounts of current liabilities approximate to their fair values.

7. PROVISIONS FOR LIABILITIES
2021 2020
£    £   
Deferred tax 48 898

Page 6 continued...
Peter Harrison, Mark Goldman Design
Consultants Limited (Registered number: 02797611)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2021

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2020 898
Provided during year (850 )
Balance at 31 March 2021 48

8. RESERVES

PROFIT AND LOSS RESERVES
The Profit and loss account comprises all current and prior period retained profit and losses after deducting any distributions made to the company's shareholders. This is a distributable reserve.

9. PENSION COMMITMENTS

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £7,512 (2020 - £8,290)

10. EVENTS DURING THE REPORTING PERIOD

The Coronavirus (COVID-19) has emerged globally resulting in a significant impact on businesses worldwide and the UK government continued to impose restrictions in 2021. As a result some business operations have been restricted, however the company continues to operate using alternative methods and remote working. Hence financial statements do not include any adjustments that might result from the outcome of this uncertainty. The directors are continuing to monitor, assess and act to the current changing environment in order to position the company to ensure its future success.

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